| 1 | 1 | | By: Ellis S.B. No. 70 |
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| 2 | 2 | | (In the Senate - Filed November 10, 2014; January 26, 2015, |
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| 3 | 3 | | read first time and referred to Committee on Finance; |
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| 4 | 4 | | April 13, 2015, reported favorably by the following vote: Yeas 10, |
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| 5 | 5 | | Nays 2; April 13, 2015, sent to printer.) |
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| 6 | 6 | | Click here to see the committee vote |
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| 7 | 7 | | |
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| 8 | 8 | | |
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| 9 | 9 | | A BILL TO BE ENTITLED |
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| 10 | 10 | | AN ACT |
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| 11 | 11 | | relating to reports issued by the comptroller on the effect of |
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| 12 | 12 | | certain tax provisions. |
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| 13 | 13 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 14 | 14 | | SECTION 1. Section 403.014(a), Government Code, is amended |
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| 15 | 15 | | to read as follows: |
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| 16 | 16 | | (a) Before each regular session of the legislature, the |
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| 17 | 17 | | comptroller shall report to the legislature and the governor on the |
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| 18 | 18 | | effect, if it is possible to assess, of exemptions, discounts, |
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| 19 | 19 | | exclusions, special valuations, special accounting treatments, |
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| 20 | 20 | | special rates, and special methods of reporting relating to: |
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| 21 | 21 | | (1) sales, excise, and use tax under Chapter 151, Tax |
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| 22 | 22 | | Code; |
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| 23 | 23 | | (2) franchise tax under Chapter 171, Tax Code; |
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| 24 | 24 | | (3) school district property taxes under Title 1, Tax |
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| 25 | 25 | | Code; |
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| 26 | 26 | | (4) motor vehicle tax under Section 152.090, Tax Code; |
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| 27 | 27 | | [and] |
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| 28 | 28 | | (5) any other state tax previously included in a |
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| 29 | 29 | | report under this section, if that tax still exists; and |
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| 30 | 30 | | (6) any other tax that generated [generating] more |
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| 31 | 31 | | than five percent of state tax revenue in the prior fiscal year or |
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| 32 | 32 | | that would have generated more than five percent of state tax |
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| 33 | 33 | | revenue in the prior fiscal year in the absence of all exemptions, |
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| 34 | 34 | | discounts, exclusions, special valuations, special accounting |
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| 35 | 35 | | treatments, special rates, and special methods of reporting |
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| 36 | 36 | | relating to the tax. |
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| 37 | 37 | | SECTION 2. Section 403.0141(a), Government Code, is amended |
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| 38 | 38 | | to read as follows: |
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| 39 | 39 | | (a) Before each regular session of the legislature, the |
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| 40 | 40 | | comptroller shall report to the legislature and the governor on the |
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| 41 | 41 | | overall incidence of the school district property tax, [and] any |
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| 42 | 42 | | state tax that generated [generating] more than 2.5 percent of |
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| 43 | 43 | | state tax revenue in the prior fiscal year, any state tax that would |
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| 44 | 44 | | have generated more than 2.5 percent of state tax revenue in the |
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| 45 | 45 | | prior fiscal year in the absence of all exemptions, discounts, |
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| 46 | 46 | | exclusions, special valuations, special accounting treatments, |
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| 47 | 47 | | special rates, and special methods of reporting relating to the |
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| 48 | 48 | | tax, and any other state tax previously included in a report under |
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| 49 | 49 | | this section, if that tax still exists. The analysis shall report |
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| 50 | 50 | | on the distribution of the tax burden for the taxes included in the |
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| 51 | 51 | | report. |
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| 52 | 52 | | SECTION 3. This Act takes effect September 1, 2015. |
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| 53 | 53 | | * * * * * |
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